Mobile gaming startup Nazara clocks Rs 220 crore in revenues

Mobile gaming startup Nazara Games reported Rs 220 crore in revenues for FY2015-16, with the Indian market contributing 47% to the top line revenue.Shashwati Shankar | ET Bureau | July 06, 2016, 15:35 IST

“Another aspect that has helped with growth is pre-loading games on millions of devices through partnerships with handset manufacturers,” Mittersain said.

The gaming startup plans to launch a host of products and services in 20 additional countries, while focussing on increasing its user base from 35 million unique gamers to 100 million gamers on a monthly basis.

“The expansion of Games Club, which is a subscription-based service, into 20 new markets could be a huge growth driver,” said Manish Agarwal, the CEO of Nazara Games.

The mobile gaming publisher is operational in 48 countries including India, Dubai, Singapore and Mauritius.

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After PSU banks, the government is likely to infuse capital in two chronically ill telecom PSUs BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation to them by the third week of the current month after DoT places the note before it for consideration.

At a high-level meeting at the PMO late Tuesday, it was also decided that the two telcos will frame a Voluntary Retirement Scheme (VRS) to reduce their employee strength, which will be followed by a reduction in the retirement age to 58.